Use the information below to answer the que..

Question 1 Report

Use the information below to answer the question that follows:

Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate to Ede branch.

Stock at branch 1st January at cost	₦400
Goods sent to branch at cost	₦8000
Returns to head	₦340
Cash sales	₦9160
Stock at branch 31st December at cost	₦720

What is the gross profit carried to the profit and loss account?

₦1820

₦1640

₦1530

₦1870

Use the information below to answer the question that follows: Adex Ltd. issues stock to its retail branches at cost price. The following particulars relate...